Neochem Bio Solutions Ltd(NEOCHEM)

NSE: NEOCHEM

₹ 102+0.00%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 175 crUpdated: 24 Oct 2026

About

Neochem Bio Solutions is a specialty performance chemicals company offering over 350 customised formulations across Polymers, Surfactants, Silicones, and Esters & Bio-based Sustainable Solutions. It serves textiles and garment washing, home and personal care, cleaning, water treatment, coatings and other industries from a single 22,000 MTPA plant near Ahmedabad. FY26 revenue from operations was Rs 110.7 cr, and the company listed on the NSE SME Platform in FY 2025-26.^[1][2][3]

Product mix

Home & Personal Care grew from 2% of revenue in FY 2023-24 to 14% in FY 2025-26.^[1]
Home & Personal Care share of revenue was 2.18% in FY23, 10.30% in FY25 and 14.21% by Sept 2025, which reduces dependence on textiles.^[3]
End markets include textiles and garment washing, HPC, institutional and industrial cleaning, water treatment, paints and coatings, paper and pulp, construction, rubber, and dyes & pigments.^[1]

Products and brands

Over 350 customised formulations across four segments: Polymers, Surfactants, Silicones, and Esters & Bio-based Sustainable Solutions (FY26).^[1]
Polymers brands include EVENOL, AMPINOL, DYFAST, KOLAPSOL, PRIMAPRINT, TRUTONE, BRILLOPRINT, AMBITAC and AQUATREAT.^[1]
Surfactants brands include KLARIZYM, KLARITOL, QUNOX, LUBIMAX, NEUTRAX, MERCOL and FABSAFE.^[1]
The Green Essentials portfolio includes vegan softeners, phosphate-free chelating agents and corn glucose-based surfactants.^[1]
Launches include FabBrite 9000/9002, Ampinol RDP-CW, Ampinol LDT and Avakote JCW Wax. The company positions the wax as an import substitute.^[3]

Manufacturing and R&D

Single plant at Saket Industrial Estate, Moraiya, Sanand, Ahmedabad, with installed capacity of 22,000 MTPA over 6,763 square metres.^[1]
Warehouse storage capacity of approximately 1,350 metric tonnes for raw materials and finished goods.^[1]
In-house R&D and application development laboratory at Moraiya, Ahmedabad.^[1]
Operations certified to ISO 9001:2015, ISO 14001 and ISO 45001. Products carry ZDHC Level 3 and GOTS 7.0 accreditation.^[1]
65 employees on rolls as of March 2026.^[1]

Production and utilisation

Production was 11,589 MT in FY26 vs 9,200 MT in FY25. Utilisation was 52.7% vs 41.8%.^[3]
Earlier production was 7,694 MT at 35.0% utilisation.^[1]
Gross margin was 31.0% in FY26 vs 32.2% in FY25.^[3]

Customers and exports

More than 200 domestic customers and more than 20 international customers as of 31 March 2026.^[1]
Exports were 5% of FY26 revenue and domestic sales 95%.^[3]
Customers in 12 countries, including Bangladesh, Australia, Egypt, Vietnam, Singapore, Thailand, Indonesia, Uzbekistan, Canada, Turkey, Ukraine and South Korea.^[1]

Partnerships and plans

Through a partnership with Lamoral Coatings of the Netherlands, the company holds exclusive distribution rights in India, Bangladesh and Sri Lanka for fluorine-free, bio-based repellent technologies.^[1]
Plans to expand exports across Asia, Oceania, Southeast/Central Asia, Africa and the Middle East with a strengthened international team (Q1 FY27 call).^[3]
Plans to scale Home & Personal Care and other non-textile applications, and to pursue partnerships in specialty textile colours and performance additives.^[3]

Recent developments

IPO of 45,88,800 shares at Rs 98 raised Rs 44.971 crore through the fresh issue. Shares listed on 9 Dec 2025.^[1]
Issued 4,86,116 shares at a premium of Rs 134 per share through private placement in FY26.^[1]
Bonus issue of 53,70,837 shares in FY26.^[1]
Long-term borrowings fell from Rs14.3 cr to Rs0.7 cr after the IPO, according to the Q1 FY27 call.^[3]

Market Cap

₹175 Cr

High / Low

₹121 / 63

Stock P/E

15.7

Price / Book

0.0

Book Value

₹46

EPS

₹7.0

No. of Shares

1.71 Cr

ROCE

22.1%

ROE

15.3%

OPM

18.8%

Debt / Equity

0.23

Sales

₹111 Cr

Net Profit

₹12 Cr

Promoter holding

66.9%

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